Cathay Pacific 2008 Annual Report Download - page 82

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25. Disposal of a subsidiary
2008
HK$M
2007
HK$M
Net assets disposed of:
Fixed assets 61 –
Trade and other receivables 70 –
Trade and other payables (63) –
Others 8–
Total net assets 76 –
Transfer to investment in associates (23) –
Reversal of minority interests (24) –
Exchange differences on translation in other reserves (11) –
Gains on disposal 24 –
Total consideration 42 –
Satisfied by:
Cash 42 –
26. Analysis of cash and cash equivalents
2008
HK$M
2007
HK$M
Short-term deposits and bank balances 7,051 6,785
Bank overdrafts (6) (12)
7,045 6,773
Notes to the Accounts STATEMENT OF CASH FLOWS
80 Cathay Pacific Airways Limited Annual Report 2008